Wednesday, November 14, 2007

Forget buy to let – is gold a safer bet?

Buy gold - not buy-to-let

With property on the verge of tipping into the 'capitulation' stage of its bull market, gold and silver stocks look much better long-term prospects - though be sure to play the current correction properly.

Posted by mary @ 09:07 AM (744 views)
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2 thoughts on “Forget buy to let – is gold a safer bet?

  • yep looks like the B wave of the correction. 850 to 800 (a) 800 to 820-30 (b) 820-30 to 750-770 (c). After that new highs. Alternate is the move to 800 finishes the correction b4 new highs. [havent read the article thats just my view not meant as a “tip” obviously!!]. Spot trading at 811 as i write.

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  • The price of houses as measured in gold peaked in 2004, and the average age of a First Time Buyer also peaked that year at 32; it’s now down to 29 again (source: CML). This suggests that the housing market peaked in 2004 and since then it’s all been inflation.

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